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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 02, 2021
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 923.4 $ 184.5
Trade and other accounts receivable – net 640.7 694.6
Finance and contract receivables, current, net 642.7 630.8
Inventories – net 746.5 760.4
Prepaid expenses and other assets 129.7 110.2
Total current assets 3,083.0 2,380.5
Property and equipment, and finance lease right-of-use asset, net 526.2 521.5
Operating lease right-of-use assets 51.9 55.6
Deferred income tax assets 50.3 52.3
Finance an contract receivable, net, non-current 1,511.0 1,463.6
Goodwill 982.4 913.8
Other intangibles – net 260.8 243.9
Other assets 91.7 62.3
Total assets 6,557.3 5,693.5
Current liabilities:    
Notes payable and current maturities of long-term debt 268.5 202.9
Accounts payable 222.9 198.5
Accrued benefits 59.7 53.3
Accrued compensation 89.9 53.9
Franchisee deposits 78.4 68.2
Other accrued liabilities 445.5 370.8
Total current liabilities 1,164.9 947.6
Long-term debt 1,182.1 946.9
Deferred income tax liabilities 70.4 69.3
Retiree health care benefits 34.5 33.6
Pension liabilities 127.1 122.1
Operating lease liabilities 34.0 37.5
Other long-term liabilities 97.7 105.7
Total liabilities 2,710.7 2,262.7
Commitments and contingencies
Shareholders’ equity attributable to Snap-on Incorporated:    
Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding) 0.0 0.0
Common stock (authorized 250,000,000 shares of $1 par value; issued 67,430,958 and 67,423,106 shares, respectively) 67.4 67.4
Additional paid-in capital 391.7 379.1
Retained earnings 5,156.9 4,779.7
Accumulated other comprehensive loss (365.8) (507.9)
Treasury stock at cost (13,328,859 and 12,772,882 shares, respectively) (1,425.3) (1,309.2)
Total shareholders’ equity attributable to Snap-on Incorporated 3,824.9 3,409.1
Noncontrolling interests 21.7 21.7
Total equity 3,846.6 3,430.8
Total liabilities and equity 6,557.3 5,693.5
Financing Receivables    
Current assets:    
Finance and contract receivables, current, net 530.2 530.1
Finance an contract receivable, net, non-current 1,136.3 1,103.5
Contract Receivables    
Current assets:    
Finance and contract receivables, current, net 112.5 100.7
Finance an contract receivable, net, non-current $ 374.7 $ 360.1